Janet Yellen, who on Tuesday faces her first grilling by Congress since she became the Federal Reserve chair this month, is expected to reiterate central bank plans to taper its stimulus despite recent weakness in the economy.
Yellen is scheduled to deliver her semi-annual testimony on monetary policy before the House Financial Services Committee on Tuesday and the Senate Banking Committee on Thursday.
Yellen, 67, became the first woman to lead the Fed on Feb. 1, succeeding Ben Bernanke, who stepped down after helping lead the nation’s recovery from the 2008 financial crisis. Yellen was previously the Fed’s vice chair.